Douglas Breeden

Douglas T. Breeden is the Fischer Black Visiting Professor of Financial Economics and a Visiting Professor of Finance at the MIT Sloan School of Management.

He is also the William W. Priest Professor of Finance and former Dean (2001–2007) of Duke University’s Fuqua School of Business. He previously served on faculties at the University of Chicago, Stanford University, North Carolina University, and Duke University. He serves as a member of the MIT Corporation’s Visiting Committee for the MIT Sloan School of Management and was a member of Stanford’s Graduate School of Business Advisory Council. He also served on the Board of Goethe Business School in Frankfurt, Germany; and was an Honorary Professor at the Chinese Academy of Sciences, Beijing. Breeden is a former chairman of Duke Corporate Education, and previously served on the Board of Visitors of Duke’s Fuqua School of Business. He is also the co-founder and chairman emeritus of Smith Breeden Associates, a money management firm, as well as chairman and principal owner of Community First Financial Group, a multi-bank holding company.

Breeden has published well-cited research on consumption and intertemporal asset pricing, as well as on mortgage securities and hedging. His 1979 article on intertemporal portfolio theory and consumption-based asset pricing was one of the top-10 most-cited articles in the Journal of Financial Economics for two decades. He was the Distinguished Speaker at the Western Finance Association Annual Meeting in 2005, speaking on Consumption-based Asset Pricing After 25 Years. He is the founding editor of the Journal of Fixed Income and has served as associate editor of the Journal of Finance, theReview of Financial Studies, theJournal of Financial and Quantitative Analysis, the Journal of Financial Economics, and the Journal of Money, Credit, and Banking. Breeden is a Fellow of the American Finance Association and was elected to the Board of Directors of the American Finance Association. He is active in philanthropic endeavors and in community development in his birthplace in Southern Indiana.

Breeden holds a BS from MIT and a PhD in finance from Stanford University.